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92 New York Highway 59

Storage Post Secures $21.66 Million Loan For Acquisition Of Self Storage Assets In Nyack And Plainview
FINANCEDSelf Storage

Storage Post Secures $21.66 Million Loan For Acquisition Of Self Storage Assets In Nyack And Plainview

92 New York Highway 59

$21,660,000

Building Size

Asset Type

Self Storage

Closing

Feb 10, 2026

AI

The transaction involves two self-storage facilities located at Go Store It - 92 New York Highway 59 and Storage Post - 150 Fairchild Ave in the Nyack and Plainview markets. The deal was facilitated through an acquisition loan amounting to $21,660,000.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $21,660,000
  • Loan Type: Acquisition
  • Landlord: Storage Post
  • Location: Nyack & Plainview

The brokers representing the transaction are Steven Klein and Robert Tonnessen from JLL, highlighting their role in facilitating the acquisition of the self-storage assets.

Players

Robert Tonnessen

JLL

Broker

$2.5B

vol

24 deals

Broker
SP
Storage PostLandlord

Nyack Self Storage Market Snapshot

Boundary boundary · Self Storage · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93